2020-04-29T12:17:41-05:00 2019-06-30 GRANT THORNTON LLP 757 THIRD AVENUE NEW YORK NY 10017 990 2018-07-01 221500645 Seton Hall University % STEPHEN A GRAHAM SETO 9737619318 400 South Orange Avenue South Orange NJ 07079 STEPHEN A GRAHAM VP For Finance/CFO 9737619003 2020-04-29 true DANIEL ROMANO PARTNER P00504182 2125429609 2020-04-29 74.102.60.199 26377520201205000008 2020-04-29 P 6AB708CC39D64E3333E319014F409175EB25D270 CA5FAFFFAE1D5021313FAD4FB09BBDADFB1F1394 2018 2020-09-23 17:36:50Z Mary J Meehan 400 South Orange Avenue South Orange NJ 07079 633448000 false 0928 X www.shu.edu X 1856 NJ SETON HALL UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION 42 32 4388 899 499000 0 59790000 43567000 358711000 385469000 29932000 2813000 12921000 14972000 461354000 446821000 141316000 153515000 0 0 173882000 180529000 0 0 7724000 124580000 141044000 439778000 475088000 21576000 -28267000 722351000 701436000 263850000 260783000 458501000 440653000 X SEE SCHEDULE O false false 306426000 140941000 390914000 Educational - Seton Hall University operates to provide baccalaureate, masters, and doctoral degrees. Day and evening sessions accommodate both commuter and residential students on a part-time and full time basis. 102946000 11860000 6845000 Academic Support and Student Services - Academic Support provides support services, such as libraries, academic technology, faculty curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, such as counseling, career guidance, financial aid, student records, health services and transportation, which contribute to the students' emotional and physical well-being and to their intellectual, cultural and social development outside the context of the University's formal instructional programs. 8196000 714000 0 Research, Training & Public Services - Enables faculty to explore new areas of education, learning and knowledge and provides non-instructional services to individuals and groups external to the University. The University also offers financial support to students through academic scholarships and work-study programs, which are funded by federal, state and private grants. 417568000 true true false true false false false true false true true true false false true true true false true true true false false false true false false true true true true false false false false false false true false true true true true false false false true false false false true 398 0 true 4388 true true true true LU false false true true true true false false false false true false X 42 32 false false false false false true true true true false false true true true true true true true true false X X X STEPHEN A GRAHAM 9737619003 400 SOUTH ORANGE AVENUE South Orange NJ 07079 X Cardinal Joseph W Tobin Regent / Trustee 1.0 0.0 X 0 0 0 Most Rev James F Checchio Regent 1.0 0.0 X 0 0 0 Most Reverend Kurt R Burnette Regent 1.0 0.0 X 0 0 0 Most Rev Dennis J Sullivan Regent 1.0 0.0 X 0 0 0 Monsignor Robert E Harahan Trustee 1.0 0.0 X 0 0 0 Sr Margaret Stallmeyer CDP Regent 1.0 0.0 X 0 0 0 Henry F D'Alessandro Regent 1.0 0.0 X 0 0 0 Francis J Hager Regent 1.0 0.0 X 0 0 0 Leo J Zatta Regent / Trustee 1.0 0.0 X 0 0 0 Patrick M Murray Regent / Trustee 1.0 0.0 X 0 0 0 Mary Ann Christopher Regent/Trustee 1.0 0.0 X 0 0 0 James E Collins Regent/Trustee 1.0 0.0 X 0 0 0 Dr Margaret Dames Trustee 1.0 0.0 X 0 0 0 Pamela M Swartzberg Esq Trustee 1.0 0.0 X 0 0 0 Robert S Basso Regent 1.0 0.0 X 0 0 0 Mark D Benjamin Regent 1.0 0.0 X 0 0 0 James T Boyle Jr Regent/Trustee 1.0 0.0 X 0 0 0 Robert B Budelman Esq Regent 1.0 0.0 X 0 0 0 Edward C Cerny Regent 1.0 0.0 X 0 0 0 Eun-Sook Lucy Cho-Lee MD Regent 1.0 0.0 X 0 0 0 Karl P Adler Regent 1.0 0.0 X 0 0 0 Mark E Ganton Regent 1.0 0.0 X 0 0 0 Robert C Garrett Regent 1.0 0.0 X 0 0 0 John D Hayes Regent 1.0 0.0 X 0 0 0 Helen Lerner Regent 1.0 0.0 X 0 0 0 Matthew W Wright Regent 1.0 0.0 X 0 0 0 Beatriz M Manetta Regent 1.0 0.0 X 0 0 0 Kevin H Marino Esq Regent 1.0 0.0 X 0 0 0 Richard C McMahon Regent 1.0 0.0 X 0 0 0 Kimberly A Capadona Esq Regent 1.0 0.0 X 0 0 0 James L Orsini Regent 1.0 0.0 X 0 0 0 Joseph M Sheridan Regent 1.0 0.0 X 0 0 0 Robert J Sloan Regent/ Trustee 1.0 0.0 X 0 0 0 John F Swift Regent 1.0 0.0 X 0 0 0 Stephen G Waldis Regent 1.0 0.0 X 0 0 0 Dr John F Williams Regent 1.0 0.0 X 0 0 0 David L Flood Regent 1.0 0.0 X 0 0 0 Most Rev Arthur J Serratelli Regent / Trustee 0.0 0.0 X 0 0 39150 Monsignor Robert Coleman Regent / Trustee 45.0 0.0 X 47548 0 71365 Monsignor Thomas P Nydegger Regent / Trustee 0.0 0.0 X 1000 44238 42940 Monsignor Joseph R Reilly Trustee 45.0 0.0 X 37054 0 110515 Monsignor Robert J Wister Trustee 45.0 0.0 X 59638 0 66565 Mary J Meehan PhD Interim Pres./Regent/Trustee 45.0 0.0 X X 808834 0 22934 Monsignor C Anthony Ziccardi V.P. for Mission & Ministry 45.0 0.0 X 69301 0 66565 Karen E Boroff PhD Interim Provost 45.0 0.0 X 403991 0 46068 Matthew Borowick MBA Interim V.P. Advancement 45.0 0.0 X 255854 0 106650 Dennis J GarbiniMBA V.P. Administration 45.0 0.0 X 365545 0 47218 Tracy H Gottlieb PhD V.P. Student Services 45.0 0.0 X 254716 0 45658 Stephen A GrahamMBA V.P. Finance & CFO 45.0 0.0 X 311090 0 39495 Catherine A KiernanJD V.P. & General Counsel 45.0 0.0 X 394636 0 96281 Alyssa McCloud PhD V.P. Enrollment Management 45.0 0.0 X 361759 0 34070 Patrick G Lyons MBA V.P. Athletics and Recreation 45.0 3.0 X 682745 0 66290 Kathleen BoozangJDLLM Dean School of Law 45.0 0.0 X 358052 0 34070 Joyce A Strawser PhD Dean Stillman School Business 45.0 0.0 X 266362 0 82380 Peter W ShoemakerPhD Dean College of Arts & Science 45.0 0.0 X 184483 0 53094 Brian B Shulman PhD Dean School Health & Medical 45.0 0.0 X 276575 0 36845 Kevin Willard Head Coach Men's Basketball 45.0 0.0 X 1961262 0 74170 Anthony J Bozzella Head Coach Women's Basketball 45.0 0.0 X 379072 0 83943 Andrea Bartoli PhD Dean School of Diplomacy 45.0 0.0 X 282617 0 57586 Stephen J LubbenJDLLM Law School Professor 45.0 0.0 X 266864 0 55832 Jason Z YinMBAPHD Finance Professor 45.0 0.0 X 235055 0 31094 8264053 44238 1410778 316 false true false Torcon Inc 328 Newman Springs Road Ste 5 RED BANK NJ 077015685 General Contracting 15256420 Gourmet Dining LLC 400 South Orange Avenue SOUTH ORANGE NJ 07079 Food Services 11367576 Atalian Global Services 417 Fifth Ave 9th Fl NEW YORK NY 10016 Housekeeping 4113681 Aspire Technology Partners 25 James Way EATONTOWN NJ 07724 General Contracting 2893312 Yetka Corporation 465 Shrewsbury Ave SHREWSBURY NJ 07702 General Contracting 2216212 95 623000 29126000 13818000 1549000 43567000 TUITION & FEES 900099 349004000 349004000 ROOM AND BOARD 900099 36210000 36210000 MEDICAL RESIDENCY PROGRAM 900004 255000 255000 385469000 3301000 -16000 3317000 280000 280000 156000 20000 136000 327000 31000 296000 0 296000 296000 185299000 9000 185660000 416000 -361000 -407000 -768000 -768000 321000 623000 520000 -199000 -199000 0 0 0 0 0 0 NCAA/CONFERENCE DISTRIBUTIONS 900099 4681000 4681000 ATHLETICS TICKET SALES 900099 2164000 2164000 PARKING 812930 1247000 1247000 6627000 5445000 495000 687000 14719000 446821000 397759000 499000 4996000 610000 610000 152905000 152905000 0 0 6285000 3605000 1720000 960000 298000 298000 130628000 109482000 17856000 3290000 7410000 6209000 1014000 187000 26413000 21344000 4137000 932000 9495000 7959000 1297000 239000 159000 143000 16000 970000 401000 569000 249000 249000 188000 188000 0 5006000 5006000 28101000 24196000 3327000 578000 2042000 1642000 219000 181000 8277000 6312000 1430000 535000 6256000 2895000 3357000 4000 0 12853000 12843000 10000 8928000 7961000 595000 372000 0 3396000 2647000 530000 219000 7863000 7758000 105000 0 18851000 17889000 884000 78000 2224000 176000 2048000 REPAIRS AND MAINTENANCE 7510000 7070000 315000 125000 MEDICAL SCHOOL 15148000 15148000 BAD DEBT PROVISION 1309000 1309000 BOOKS AND SUBSCRIPTIONS 3591000 3362000 215000 14000 8123000 4713000 3400000 10000 475088000 417568000 49796000 7724000 14415000 12940000 1357000 26892000 12275000 10930000 5305000 9306000 0 0 0 0 10818000 8861000 0 0 16956000 23036000 609373000 281151000 327740000 328222000 121579000 94058000 174334000 186769000 0 0 0 0 37572000 422000 722351000 701436000 37716000 41962000 0 0 14265000 10996000 180949000 176139000 0 0 0 0 0 0 0 0 30920000 31686000 263850000 260783000 X 253627000 240341000 107670000 100145000 97204000 100167000 458501000 440653000 722351000 701436000 X -28267000 10348000 71000 X false true X true true true X 42850000 44070000 42295000 59790000 43567000 232572000 0 0 42850000 44070000 42295000 59790000 43567000 232572000 0 232572000 5805000 5543000 5602000 4968000 4029000 25947000 507000 518000 534000 804000 499000 2862000 2613000 2732000 2746000 2883000 2255000 13229000 274610000 1789972000 0.84692 0.84516 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 1200 false true 19610 true 197263 false false 218073 false Part II-B, Line 1(i) Other Lobbying Activities Seton Hall University lobbied state legislators regarding annual independent college appropriations and aid for independent college students. Efforts consisted of direct mailings, phone calls and personal meetings. Members of Congress were contacted regarding student aid and grants for various university programs. The University's staff is involved in lobbying efforts. The value of that staff time is approximately $30,466. Those costs have been reported on Line 7 (other salaries and wages) and not separately identified on Line 11 (d) in Part IX, statement of Functional Expenses. 1892000 596000 X X X false 271090000 2304000 10675000 3474000 9780000 1653000 269162000 259799000 3286000 25041000 3487000 11431000 2118000 271090000 246904000 1664000 30476000 3455000 14616000 1174000 259799000 263948000 4424000 -879000 2807000 15669000 2113000 246904000 272174000 3227000 10750000 2742000 15988000 3473000 263948000 0.35100 0.37200 0.27700 true false 2992000 2992000 530667000 237739000 292928000 52277000 42805000 9472000 23437000 607000 22830000 328222000 OUTSIDE TRUST 9050000 F HEDGE FUNDS 40588000 F COMMINGLED FUNDS 1015000 F PRIVATE EQUITY FUNDS 5566000 F VENTURE CAPITAL 5621000 F LIQUID FIXED INCOME 20259000 F ILLIQUID FIXED INCOME 34943000 F OPPORTUNISTIC 26613000 F LONG EQUITY 23118000 F DIVERSIFYING ASSETS 11111000 F REAL ASSETS 8885000 F 186769000 0 REFUNDABLE U.S. GOV'T GRANTS 9936000 CONDITIONAL ASSET RETIRE OBLIG 9230000 CAPITAL LEASE OBLIGATION 11508000 ACCRUED POSTRETIREMENT BENEFIT 1012000 31686000 X 304866000 10348000 427000 -39000 10736000 294130000 5006000 147685000 152691000 446821000 322714000 427000 442000 869000 321845000 5006000 148237000 153243000 475088000 Part III, line 4 Collections are composed of: a mural, ancient Greek and Roman coins, book collections, paintings, wild life art collections, and a special collection of research papers. Collections are utilized by students, faculty, administrators and the general public. Their usage helps achieve the ultimate goal of advancing the educational and research mission of the University. Part V, line 4 Endowment funds support the University's mission by providing a sustainable flow of funds to annual operations. This support includes funds for scholarships and for specific academic programs. The University has adopted an endowment spending policy designed to provide a predictable flow of funds to operations. The policy is intended to balance current spending needs and preserve the endowment's future purchasing power. The University applies a 4.5% spending rate to a three-year moving average of endowment investment funds. The Board of Regents sets the spending rate. The purpose of using a moving average is to smooth out any wide fluctuations in the market value. Endowment earnings in excess of the spending rate are added back to the principal of the endowment investments. In years when yield exceeds the amount appropriated under the spending policy the excess is returned to principal as appreciation. When annual yield is insufficient to support spending appropriations, the balance is provided from accumulated appreciation. Special allocations are made for certain purposes in addition to the spending rate, as approved by the University's Board of Regents, annually. Part X, line 2 - Other Liabilities - Income Taxes Accounting Standards Codification ("ASC") 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from Federal and New Jersey State Income taxation by virtue of being an organization described in Section 501(c)(3) of the IRC and similar provisions of the New Jersey State tax code. Nevertheless, The University may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The University believes that there are no material uncertain tax positions within its financial statements. Part XI, Line 2D - Other Change in the value of the split-interest agreements of $39,000. Part XI, Line 4b - Other Financial Aid of $148,237,000, less rental expense of $31,000, and less special events expenses of $521,000. Part XII, Line 2D - Other Special events expense of $521,000 and rental expense of $31,000 reduced by Provision for uncollectible contributions receivable added back of $110,000 Part XII, Line 4B - Other Financial aid of $148,237,000. true true true true true true true false false false false false false false false true false true Part I, Line:3 The University's racially nondiscriminatory policy appears in its Undergraduate and Graduate catalogs, as well as in the Admission Prospectus. It is also in all newspaper advertisements and the University's website. Line 6 - Explanation of Government Financial Aid The University participates in various Federal and State financial aid programs, which include, but are not limited to the following programs: Federal Direct Lending Program, Federal Pell Grant, Federal College Work Study, Federal Supplemental Education Opportunity Grant, N.J State Tuition Assistance Grant and N.J. State Education Opportunity Fund. Central America and the Caribbean Investments 133785000 Europe (Including Iceland and Greenland) Investments 29153000 East Asia and the Pacific Program Services Student Recruitment 63000 East Asia and the Pacific Program Services MBA Program 58000 Europe (Including Iceland and Greenland) Program Services Compliance Cert. 85000 South America Program Services Compliance Cert 57000 163201000 163201000 true false true true true false Part I, Line 3, (1 & 2); Part IV , Lines 1, 3, 4, and 5 By virtue of its investments in various limited partnership investments, Seton Hall University may invest in passive foreign investment companies and/or foreign partnerships; to the extent the University is required to file the Forms 926, 5471, 8621, or 8865, those foreign forms were attached to the University's Form 990-T. Part I, Lines 3, (3)&(4) Support for student recruitment and academic exchange program developments. During FY2019, the Stillman School continued to offer an executive-style MBA program in collaboration with Viagold International Education Management Group, with cohorts in Beijing, Shanghai and Zhuhai, China.Students are taught in Mandarin by a combination of Stillman faculty and faculty employed by Chinese universities, and the students spend a week during their final semester at Seton Hall's South Orange campus to complete the MBA program and participate in Graduate Commencement. Part I, Line 3, (5) The pharmaceutical, biotech and medical device industries are increasingly facing a more challenging regulatory and enforcement landscape throughout Europe. This intensive, multi-day educational and training certification in healthcare compliance addresses the myriad of legal, regulatory and compliance issues faced by pharmaceutical, biotech and medical device manufacturers working in healthcare compliance in Europe. Part 1, Line 3, (6) South America The pharmaceutical, biotech, and medical device industries are increasingly facing a more challenging regulatory and enforcement landscape throughout Latin America (LATAM). This intensive, multi-day educational and training certificate program in health care compliance addresses the legal, regulatory, and compliance issues faced by life sciences manufacturers as well as their consultants and third parties doing business in LATAM. LS Dinner Dance 142000 87000 55000 19000 45000 1000 26000 Many Are One 148000 59000 89000 41000 69000 7000 9 654000 477000 177000 34000 176000 14000 88000 944000 623000 321000 53000 262000 84000 121000 520000 -199000 true Township of South Orange Village 76 S Orange Ave South Orange NJ 07079 226002309 115 519000 Contribution South Orange Performing Arts Center Inc 1 Sopac Way South Orange NJ 07079 320074004 501(C)(3) 16000 General Purpose Saint Paul's Outreach 110 Crusader Ave West St St Paul MN 55118 411621192 501(C)(3) 9000 General Purpose American Conference on Diversity 200 Centennial Ave Ste 101 Piscataway NJ 08854 320154928 501(C)(3) 15000 Iona College 715 North Ave New Rochele NY 10801 133508093 501(C)(3) 15000 Sisters of Charity of Saint Elizabeth PO Box 476 Convent Station NJ 07961 221487343 501(C)(3) 12000 Cabwaylingo Appalachian Mission Inc PO Box 81 1475 Left Fork Dunlow Byp Dunlow WV 25511 813590310 501(C)(3) 8000 Paypal Charitable Giving Fund 12501 St NW 1202 Washington DC 20005 450931286 501(C)(3) 16000 8 Federal Awards 2044 10773000 State of New Jersey Awards 1857 13231000 Institutional Support 11080 128901000 Part I, Line 2 All University spending must be approved by a manager or higher level, depending on the amount of the expenditure. Any expenditure of $1,000 or above would have to be approved by a Dean or other budget center manager. An expenditure in excess of $10,000 must be approved by a Vice President (or that person's designee) or the President. Grants or assistance to outside organizations are segregated in the University's financial accounting system through the use of a separate account code, which allows for review by University's central Finance Department. Scholarships are provided to students who are required to matriculate in the University, thereby ensuring that the funds are expended for the intended purposes. Part II, Line 2, (h) Purpose of grant assistance: South Orange Performing Arts Center, Inc. (SOPAC) - Construction of South Orange Performing Arts Center. X X X false true X X X X X false true false false false false false false false Mary J Meehan PhD Interim Pres./Regent/Trustee 614585 0 152125 0 42124 0 22000 0 934 0 831768 0 0 0 Karen E Boroff PhD Interim Provost 357667 0 36000 0 10324 0 22000 0 24068 0 450059 0 0 0 Matthew Borowick MBA Interim V.P. Advancement 226992 0 21200 0 7662 0 18480 0 88170 0 362504 0 0 0 Dennis J GarbiniMBA V.P. Administration 322581 0 32640 0 10324 0 22000 0 25218 0 412763 0 0 0 Tracy H Gottlieb PhD V.P. Student Services 222281 0 22522 0 9913 0 18198 0 27460 0 300374 0 0 0 Stephen A GrahamMBA V.P. Finance & CFO 275981 0 27540 0 7569 0 22000 0 17495 0 350585 0 0 0 Catherine A KiernanJD V.P. & General Counsel 350470 0 35342 0 8824 0 22000 0 74281 0 490917 0 0 0 Alyssa McCloud PhD V.P. Enrollment Management 299190 0 55000 0 7569 0 22000 0 12070 0 395829 0 0 0 Patrick G Lyons MBA V.P. Athletics and Recreation 420899 0 240000 0 21846 0 22000 0 44290 0 749035 0 0 0 Kathleen BoozangJDLLM Dean School of Law 343394 0 10000 0 4658 0 22000 0 12070 0 392122 0 0 0 Joyce A Strawser PhD Dean Stillman School Business 265304 0 0 0 1058 0 21563 0 60817 0 348742 0 0 0 Peter W ShoemakerPhD Dean College of Arts & Science 184080 0 0 0 403 0 15659 0 37435 0 237577 0 0 0 Brian B Shulman PhD Dean School Health & Medical 274951 0 0 0 1624 0 22000 0 14845 0 313420 0 0 0 Kevin Willard Head Coach Men's Basketball 1736016 0 190000 0 35246 0 22000 0 52170 0 2035432 0 0 0 Anthony J Bozzella Head Coach Women's Basketball 297666 0 62500 0 18906 0 22000 0 61943 0 463015 0 0 0 Andrea Bartoli PhD Dean School of Diplomacy 273793 0 0 8824 0 22000 0 35586 0 340203 0 0 0 Stephen J LubbenJDLLM Law School Professor 266527 0 0 0 337 0 21964 0 33868 0 322696 0 0 0 Jason Z YinMBAPHD Finance Professor 232904 0 0 2151 0 11228 0 19866 0 266149 0 0 0 Part I, Line 1a Housing and related services were provided at no charge to members of its priest community which included an officer, along with certain Regents and Trustees listed in Form 990, Part VII (Monsignor Anthony Ziccardi, Monsignor Joseph R.Reilly, Monsignor Robert Coleman, Monsignor Thomas P. Nydegger, and Monsignor Robert J. Wister). The value of the housing and related benefits are included in nontaxable benefits in Schedule J, Part II. The University paid membership fees to a country club for its men's basketball coach, Kevin Willard, women's basketball coach Anthony J. Bozzella, and V.P. Athletics & Recreational services, Patrick G. Lyons. Their attendance at these organizations were exclusively business related in order to assist University Advancement with donor cultivation and Fundraising efforts. Such fees totaled $19,309, $20,817, and $21,797, respectively. They are included in nontaxable benefits in Schedule J, Part II A NJEFA - Seton Hall - CIF 2014 D 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true B NJEFA - Seton Hall - Issue 2011 A 221829511 646065U83 2011-06-10 37578532 SEE PART VI false false false C NJEFA - Seton Hall - CIF 2014 B 221829511 646066DG2 2014-04-29 19369367 SEE PART VI false false true D NJEFA - Seton Hall - ELF 2014 B 221829511 6460658J4 2014-01-30 8131497 SEE PART VI false false true A 778642 0 19369367 0 0 0 113339 0 0 0 1226845 0 2014 false true true true B 30200000 0 37578532 0 0 0 411094 0 0 0 37167438 0 2011 true false true true C 145734 0 19369367 0 0 0 113339 0 0 1014830 0 0 2015 false false true true D 163273 0 8131497 0 0 0 54722 0 0 330900 0 0 2015 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B 0.00000 0.00000 0.00000 0.00000 C false false false false 0.00000 0.00000 0.00000 false false false true D false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true PART IV, LINE 2C REBATE COMPUTATIONS WERE PERFORMED IN THE JUNE AND JULY 2019 TIME FRAME FOR ALL SETON HALL UNIVERSITY BOND ISSUES LISTED IN PART I, INCLUDING CIF 2014 D, 2011 A, CIF 2014 B, ELF 2014 B, AND 2013 D. THERE IS NO REBATE LIABILITY RELATED TO ANY OF THE UNIVERSITY'S ISSUES AS OF JUNE 30, 2019. PART I, COLUMN(F) DESCRIPTION OF PURPOSE 1. ON APRIL 29, 2014 THE NJEFA ISSUED CIF BONDS, 2014 SERIES B, AND ADVANCE REFUNDING CIF BONDS, 2014 SERIES D, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. ONE FORM 8038 WAS FILED BY THE NJEFA COVERING BOTH ISSUES, UNDER CUSIP NUMBER 646066DG2. GROSS PROCEEDS FROM BOTH ISSUES WERE $19,369,367 WITH THE 2014 B PORTION BEING $15,493,539 AND THE 2014 D PORTION BEING $3,875,828. THE 2014 SERIES B ISSUE IS DISCUSSED BELOW. THE 2014 SERIES D ISSUE ADVANCE REFUNDED THE REMAINING BALANCE OF THE 2004 SERIES A BONDS RELATED TO THREE PRIVATE INSTITUTIONS, OF WHICH THE UNIVERSITY WAS ONE. THE 2004 SERIES A BOND PROCEEDS WERE USED BY THE UNIVERSITY TO FUND CAPITAL IMPROVEMENTS ON ITS CAMPUS. THE UNIVERSITY'S PORTION OF THE $3,875,828 WAS $2,724,951, WITH $1,226,845 BEING DEBT REPAYABLE OVER SEVEN YEARS AND THE REMAINDER REFUNDING OTHER STATE ISSUES THAT PROVIDED GRANT FUNDS FOR CAPITAL IMPROVEMENTS TO THE UNIVERSITY IN PRIOR YEARS. AS A RESULT OF THIS REFUNDING, AMOUNTS PAYABLE BY EACH INSTITUTION, INCLUDING THE UNIVERSITY, WAS ADJUSTED TO TAKE INTO ACCOUNT ALLOCABLE DEBT SERVICE SAVINGS. 2. SETON HALL UNIVERSITY ISSUE, 2011 SERIES A, (CUSIP NUMBER 646065U83) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 1999 REFUNDING, 2001 SERIES A, 2001 SERIES B, AND 2001 SERIES G BOND ISSUES. THE 1999 REFUNDING ISSUE WAS ISSUED IN JULY 1999 TO REFUND THE UNIVERSITY'S 1991 SERIES D AND 1989 SERIES C ISSUES. THE 1991 SERIES D AND THE 1989 SERIES C ISSUES WERE ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES A ISSUE WAS ISSUED IN JUNE 2001 TO REFUND THE UNIVERSITY'S 1991 SERIES A ISSUE WHICH REFUNDED THE UNIVERSITY'S 1985 SERIES A ISSUE WHICH WAS ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES B ISSUE WAS ISSUED IN JUNE 2001 TO REFUND THE UNIVERSITY'S 1991 SERIES B ISSUE WHICH WAS ISSUED TO REFUND THE UNIVERSITY'S 1988 SERIES B ISSUE WHICH WAS ISSUED TO REFUND THE UNIVERSITY'S 1976 SERIES A ISSUE AND TO FINANCE CAPITAL IMPROVEMENTS. THE 1976 SERIES A ISSUE WAS ISSUED TO FINANCE CAPITAL IMPROVEMENTS. THE 2001 SERIES G ISSUE WAS ISSUED IN JUNE 2001 TO FINANCE CAPITAL IMPROVEMENTS. 3. AS NOTED ABOVE, ON APRIL 29, 2014 THE NJEFA ISSUED CIF BONDS, SERIES 2014 B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE GROSS PROCEEDS OF THIS ISSUANCE WERE $15,493,539. THE PROCEEDS WERE ALLOCATED TO SIX PRIVATE INSTITUTIONS OF HIGHER EDUCATION. SETON HALL'S APPORTIONED AMOUNT WAS $2,192,165. AFTER $12,165 OF APPORTIONED ISSUANCE COSTS, THE REMAINDER THAT WAS RECEIVED BY SETON HALL WAS $2,180,000, OF WHICH $1,165,170 WAS A GRANT AND $1,014,830 WAS DEBT REPAYABLE OVER 20 YEARS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE REPAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS WERE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY A PORTION OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. SETON HALL SPENT THE ENTIRE AMOUNT OF THE DEBT PROCEEDS ALLOCATED TO IT ON CAPITAL IMPROVEMENTS. 4. ON JANUARY 30, 2014 THE NJEFA ISSUED HIGHER EDUCATION EQUIPMENT LEASING FUND ("ELF") PROGRAM BONDS, SERIES 2014 B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE ELF 2014 B ISSUE IS ALLOCATED TO EQUIPMENT PURCHASES AT SIX PRIVATE INSTITUTIONS OF HIGHER EDUCATION. THE GROSS PROCEEDS OF THIS ISSUANCE WERE $8,131,497. SETON HALL'S APPORTIONED AMOUNT WAS $1,522,184. AFTER $10,253 OF APPORTIONED ISSUANCE COSTS, THE REMAINDER THAT WAS RECEIVED BY SETON HALL WAS $1,511,931, OF WHICH $1,181,031 WAS A GRANT AND $330,900 WAS DEBT REPAYABLE OVER 9 YEARS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE REPAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS WERE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY A PORTION OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. SETON HALL SPENT THE ENTIRE AMOUNT OF THE DEBT PROCEEDS ALLOCATED TO IT ON EQUIPMENT. 5. SETON HALL UNIVERSITY ISSUE, 2013 SERIES D, (CUSIP 6460656D9) WAS ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY'S 2009 C BONDS SOLD DIRECTLY TO CAPITAL ONE, N.A., FINANCE A PORTION OF THE COST OF TERMINATING THE UNIVERSITY'S INTEREST RATE SWAP AGREEMENT WITH CITIBANK, N.A. THAT HEDGED INTEREST RATE EXPOSURE RELATED TO THE 2009 C BONDS, AND TO FINANCE CAPITAL IMPROVEMENTS. THE UNIVERSITY'S 2009 SERIES C BONDS REFUNDED THE UNIVERSITY ISSUE, 1998 SERIES F, ISSUED ON JUNE 29, 1998 BY THE NJEFA TO REFUND A 1991 SERIES D SETON HALL UNIVERSITY ISSUE THAT FINANCED CAPITAL IMPROVEMENTS AT THE UNIVERSITY. THE PORTION OF THE 2013 D TOTAL PROCEEDS OF $43,935,728 THAT WAS USED TO REFUND THE 2009 C BONDS AND TO FINANCE A PORTION OF THE COST TO TERMINATE THE RELATED SWAP AGREEMENT WAS $7,800,307. 6. SETON HALL UNIVERSITY ISSUE, 2015 C (CUSIP 646066MC1) WAS ISSUED BY THE NJEFA TO ADVANCE REFUND SETON HALL UNIVERSITY'S 2008 SERIES E BONDS. THE PROCEEDS OF $24,255,807, WHICH INCLUDED A DEBT PREMIUM OF $2,050,807, TOGETHER WITH $1,850,957 OF 2008 SERIES E DEBT SERVICE RESERVE FUNDS, WERE DEPOSITED IN AN IRREVOCABLE TRUST TO PAY INTEREST ALONG WITH PRINCIPAL OUTSTANDING OF $22,030,000 ON ITS 2008 SERIES E BONDS THROUGH JULY 1, 2019, AND PAY BOND ISSUANCE COSTS OF $306,564. THE 2008 SERIES E ISSUE, ALONG WITH 2008 SERIES D, WERE ISSUED BY THE NJEFA TO CURRENTLY REFUND SETON HALL UNIVERSITY ISSUES, 2005 SERIES C AND 2006 SERIES A. THE 2005 SERIES C ISSUE FINANCED CAPITAL IMPROVEMENTS AT THE UNIVERSITY. THE 2006 SERIES A ISSUE REFUNDED THE UNIVERSITY'S 1996 SERIES E ISSUE, WHICH WAS FOR CAPITAL IMPROVEMENTS AND FOR REFUNDING THE UNIVERSITY'S 1989 SERIES C ISSUE, WHICH WAS FOR CAPITAL IMPROVEMENTS. 7. SETON HALL UNIVERSITY ISSUE, 2016 SERIES C (CUSIP 646066B66), WAS ISSUED BY THE NJEFA TO FUND CAPITAL IMPROVEMENTS ON THE UNIVERSITY'S CAMPUS. 8. ON JULY 26, 2016 THE NJEFA ISSUED CIF BONDS, 2016 SERIES A, AND REFUNDED CIF BONDS, 2006 SERIES A, AND OTHER SERIES OF CIF BONDS, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. THE BONDS WERE ISSUED PRIVATELY (THEREFORE NO CUSIP #)IN THE PRINCIPAL AMOUNT OF $20,805,115 WHICH WAS ALLOCATED TO FOURTEEN PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S SHARE OF THE PROCEEDS WAS $2,326,537, OF WHICH $1,134,796 WAS USED TO REFUND THE REMAINING UNIVERSITY BALANCE OF 2006 SERIES A AND THE REMAINDER REFUNDED OTHER STATE ISSUES THAT PROVIDED GRANT FUNDS FOR CAPITAL IMPROVEMENTS TO THE UNIVERSITY IN PRIOR YEARS. THE 2006 SERIES A BONDS PARTIALLY ADVANCE REFUNDED THE 2004 SERIES A BONDS AND OTHER SERIES OF CIF BONDS FOR CAPITAL IMPROVEMENTS. THE AMOUNTS PAYABLE TO THE STATE BY EACH INSTITUTION WERE ADJUSTED TO TAKE ACCOUNT OF ALLOCABLE DEBT SERVICES SAVINGS. 9. ON DECEMBER 20, 2016 THE NJEFA ISSUED CIF BONDS, 2016 SERIES B, PURSUANT TO A PROGRAM OF THE STATE OF NEW JERSEY TO FINANCE CAPITAL IMPROVEMENTS AT INSTITUTIONS OF HIGHER EDUCATION. ONE FORM 8038 WAS FILED BY THE NJEFA COVERING THE ISSUE UNDER CUSIP NUMBER 646066F54. THE BONDS WERE ISSUED IN THE PRINCIPAL AMOUNT OF $30,676,062 WHICH WAS ALLOCATED TO A TOTAL OF TWELVE PRIVATE INSTITUTIONS IN NEW JERSEY. THE UNIVERSITY'S APPORTIONED AMOUNT, AFTER $12,153 OF APPORTIONED ISSUANCE COSTS, WAS $1,500,000. OF THIS AMOUNT THAT WAS RECEIVED BY THE UNIVERSITY, $766,748 WAS A GRANT AND $733,252 WAS DEBT REPAYABLE OVER TWENTY YEARS. BOTH AMOUNTS WILL BE SPENT ON CAPITAL IMPROVEMENTS. BONDS ISSUED TO FINANCE GRANTS MUST BE APPROVED BY THE STATE TREASURER AND ARE PAYABLE BY THE STATE SUBJECT TO APPROPRIATION. THE BONDS ARE SOLD BASED ON THE CREDIT OF THE STATE. EACH INSTITUTION ENTERED INTO A GRANT AGREEMENT OBLIGATING THE GRANTEE TO PAY HALF OF THE DEBT SERVICE ON THE BONDS ALLOCABLE TO THE GRANT. 10. SETON HALL UNIVERSITY ISSUE, 2017 SERIES D (CUSIP 646066V64), WAS ISSUED BY THE NJEFA TO REFUND THE UNIVERSITY'S 2008 SERIES D BONDS AND TO PAY $4,872,000 FOR THE TERMINATION OF SWAP AGREEMENTS. A NJEFA - Seton Hall - Issue 2013 D 221829511 6460656D9 2013-07-10 43935728 SEE PART VI false false false B NJEFA - Seton Hall - ISSUE 2015 C 221829511 646066MC1 2015-07-14 24225807 SEE PART VI false false false C NJEFA - Seton Hall - ISSUE 2016 C 221829511 646066B66 2016-09-15 38059002 SEE PART VI false false false D NJEFA - Seton Hall - CIF 2016 A 221829511 2016-07-26 20805115 SEE PART VI false false true A 6110000 0 43935728 0 2405009 0 522077 0 0 33208335 7800307 0 2014 true false true true B 2700000 0 24255807 0 0 0 306564 0 0 0 23949243 0 2015 false true true true C 0 0 38059002 0 1655530 0 403472 0 0 36000000 0 0 2018 false false true true D 20647 0 20805115 0 0 0 48426 0 0 0 1046461 0 2016 true false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B 0 0.00000 C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true D false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false true false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true true false false false 0 false 0 false true A true B true C true D true A NJEFA - Seton Hall - CIF 2016 B 221829511 646066F54 2016-12-20 30676062 SEE PART VI false false true B NJEFA - SETON HALL - ISSUE 2017 D 221829511 646066V64 2017-06-29 41827193 SEE PART VI false false false A 39066 0 30676062 0 0 0 246539 0 0 733252 0 0 2019 false false true true B 0 0 41827193 0 0 0 348259 0 0 0 41478934 0 2017 true false true true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true Total of 12 236226 Scholar/Tuition Remission Education MARY ANN CHRISTOPHER Brother of Trustee/Regent 951636 LEGAL SERVICES false Robert J Sloan Employer of Trustee/Regent 210665 TELEPHONE CHARGES false THOMAS SHARKEY SR Regent Emeritus 22807 BROKERAGE FEES false Francis J Hager Business Relationship with Regent 717560 Management fees false Tracy HGottlieb Sister of Officer 125720 COMPENSATION & BENEFITS false Tracy HGottlieb Sister of Officer 49824 COMPENSATION & BENEFITS false Tracy HGottlieb Daughter-in-law of Officer 70979 COMPENSATION & BENEFITS false MATTHEW BOROWICK DAUGHTER OF OFFICER 51109 COMPENSATION & BENEFITS false Gourmet Dining LLC Substantial Contributor 12747810 Food Services false Part III Grants or Assistance Benefiting Interested Persons Seton Hall University is not required to identify interested persons to whom assistance was provided under the Family Educational Rights and Privacy Act (FERPA) PART IV Business Transactions Involving Interested Persons The brother of Mary Ann Christopher, trustee/Regent, is a partner in the Law Firm of Gibbons P.C. Seton Hall University paid Gibbons P.C. $951,636, for legal services in the year ended June 30, 2019. Robert J. Sloan, Trustee/Regent, is a Vice President at AT&T. Seton Hall University paid AT&T $210,665 for telephone charges in the year ended June 30, 2019. Thomas Sharkey, Sr., Regent Emeritus, and his son Thomas Sharkey, Jr., are the Chairman and President, respectively, of the Insurance Brokerage Company, Meeker Sharkey & Hurley. Seton Hall deals directly with them for its Long Term Disability benefits. The carrier is CIGNA. Meeker Sharkey & Hurley received $22,807 in brokerage fees for this arrangement. Francis J. Hager, Regent, has business relationship with Appomattox Capital, the University's Outsourced Endowment Portfolio Manager. The University paid Appomattox management fees IN FY 2019 of $717,560. The two sisters and daughter-in-law of Dr. Tracy H. Gottlieb, V.P. for Student Services, served as employees of the University. In fiscal year 2019, they received total compensation and benefits of $125,720, $49,824, and $70,979, respectively. The daughter of Matthew Borowick, Interim V.P. University Advancement, served as an employee of the University. In fiscal year 2019, she received total compensation and benefits of $51,109. Gourmet Dining, LLC, a substantial contributor, is a University vendor providing food services. Seton Hall University paid Gourmet Dining, LLC $12,747,810 in FY 2019. All transactions with interested persons were conducted at arm's length, for good and sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University. The applicable interested persons had no influence over the decisions to enter into the transactions. X 25 590000 Appraisal X 6000 Appraisal X 2000 Cost X 22 572000 Selling price X 19 54000 Cost X MISCELLANEOUS 31 325000 Cost 8 false true true Part I, Line 32b Auction companies are used to process and/or sell noncash contributions in "silent auctions" at several fundraising events. To the extent Seton Hall University receives donations of publicly traded securities, its investment broker is engaged to sell those securities. The University reimbursed a related party, the Roman Catholic Archdiocese of Newark, for administrative expenses incurred in conducting the Archbishop's annual appeal to raise funds from the congregation for the benefit of the University. Form 990, Part III, Line 1 Seton Hall University (the "University") is the nation's oldest Diocesan Catholic University. In a diverse and collaborative environment, it focuses on academic, ethical, and spiritual development. Seton Hall students are prepared to be leaders in their professional and community lives in a global society and are challenged by outstanding faculty, a technologically advanced setting, and values-centered curricula. The University is home to ten nationally recognized and accredited schools located on three campuses, all within 15 miles of New York City. Its main campus is in South Orange, New Jersey, its nationally ranked Law School is in Newark, New Jersey, and its Interprofessional Health Sciences ("IHS") campus is in the City of Clifton and the Township of Nutley, New Jersey. Within these ten schools, the professors of Seton Hall educate, shape and develop approximately 6,200 undergraduate and 4,000 graduate students, who are enrolled in 90 rigorous majors. This has led to the University being nationally recognized for academic excellence by the Princeton Review, U.S. News and World Report, and Bloomberg Businessweek. The University remains a pioneer in Catholic education. In June 2015, the University and Hackensack University Health Network ("HUHN"), acting on behalf of Hackensack University Medical Center ("HUMC"), signed an agreement to establish the principle elements of a long-term relationship to develop an undergraduate school of medicine, as well as sponsor graduate medical education programs. In October 2015, the University and HUMC formed Kingsland Street Urban Renewal, LLC ("Kingsland") for the purposes of leasing and renovating a location for the University's new IHS campus, which was to house the school of medicine, as well as the University's College of Nursing ("CON") and School of Health and Medical Sciences ("SHMS"). Kingsland executed the lease in June 2016, with lease commencement in September 2016. Through March 18, 2018, the University had a 50% membership interest in Kingsland. Kingsland is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). In January 2016, the University and HUHN formed the Seton Hall-Hackensack School of Medicine, a nonprofit New Jersey corporation. HUHN subsequently became Hackensack Meridian Health, Inc. ("HMH") after its merger with Meridian Health System, Inc. in July 2016. In March 2017, an agreement was reached between HMH and the University that superseded the June 2015 agreement. Under this agreement, both the University and HMH controlled 50% of the School of Medicine, and the name of the school was changed to the Seton Hall-Hackensack Meridian School of Medicine ("SOM"). The SOM is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). The University agreed to offer, under its existing accreditations and regulatory approvals, the SOM academic degree program (the "MD Program"). The University received preliminary accreditation from the Liaison Committee on Medical Education (the "LCME") to operate the MD program in February 2018. The MD program commenced academic operations in July 2018 with the University being the degree-granting institution. On March 19, 2018, the University and HMH reached an agreement for the transition of the MD Program and the full control of the SOM to HMH. Under this agreement, the University's membership interest in Kingsland was transferred to HMH and all costs associated with the Kingsland lease were assumed by HMH, with a sublease established with the University. In addition, the entire financial responsibility for the SOM was transferred to HMH effective July 1, 2018, although the University will continue to perform certain administrative functions for the SOM. The name of the MD Program was changed to the Hackensack Meridian School of Medicine at Seton Hall University. The University retains full control of academic matters associated with the MD Program until such time as the SOM earns independent accreditation as a standalone entity with the LCME and Middle States, and the appropriate actions have taken place related to all other applicable regulatory bodies. Once this occurs, control of the MD Program will be transferred to HMH and the University will no longer be the degree-granting institution. The MD Program will then be named the Hackensack Meridian School of Medicine ("HMSOM"). Under the strategic academic partnership agreement entered into between the University, HMH and the HMSOM, the University will remain a strategic academic partner of HMH and the HMSOM whereby the University and the HMSOM will have an integrated curriculum, 25% of the seats in each class of the MD Program will be reserved for University graduates who reside in New Jersey, provided they meet the standards of admission set by the HMSOM, and the University's CON and SHMS graduates will be given preference for clinical placements. The MD Program commenced academic operations in July 2018 with the University being the degree-granting institution. Robert C. Garrett, Regent, is the Co-CEO at HMH, and also on the Board of Governors of the SOM. The University and HMH are strategic academic partners in the SOM. Neither HMH nor the SOM are considered related parties of the University. Form 990, Part VI Part VI, Section A, Line 7A: The Board of Regents is responsible for the entire management of the affairs and concerns of the University. The Board of Regents is vested with the responsibility, power, and authority to govern the University and shall exercise the corporate powers of the University under Law. Board of Regent Emeriti do not have voting privileges. Part VI, Section A, line 7b: The Board of Trustees stand in the stead of the original incorporators of Seton Hall College and have the rights and powers reserved to it by the University's By-Laws. Those powers include the right to amend the University's organizing documents, to authorize the sale of any University property and, most importantly, to elect the Board of Regents. Part VI, Section B, line 11: The Board of Regents adopted a written policy charging the Audit Committee with the responsibility to conduct, on an annual basis, an appropriate review of the University's completed Form 990 and Form 990-T prior to filing with Internal Revenue Service. The Audit Committee is also charged with making an appropriate report and recommendation to the Board of Regents on their review. Following review by the Audit Committee, Forms 990 and 990-T are submitted to the entire Board of Regents for its review and approval for filing with the Internal Revenue Service. The Board of Regents shall contemporaneously document the meeting at which the Forms 990 and 990-T are reviewed and approved for filing. Part VI, Section B, Line 12c: The University's conflict of interest policy is posted on the University's web site. All new employees are made aware of the policy at the time of hire. For senior management, the University requires an annual disclosure of significant financial interests in, or employment or consulting relationships with, entities doing business with the University. These annual disclosures cover both senior management and their immediate family members. When such relationships exist, measures are taken to address the actual or perceived conflict to protect the best interests of the University. The policy requires, among other things, that no member of the Board of Regents or its Committees can participate in any decision in which he or she (or an immediate family member) has a material financial interest. Each Regent is required to certify compliance with the conflict of interest policy on an annual basis and indicate whether the University does business with an entity in which a Regent has a material financial interest. When such relationships exist, measures are taken to mitigate any actual or perceived conflict, including requiring that such transactions be conducted at arm's length, for good and sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University, and in accordance with relevant conflict of interest laws. The University is unaware of any such associations considered to be significant. Part VI, Section B, Line 15: Seton Hall University can ensure and demonstrate that our compensation actions do not inure to the benefit of a private individual. We can demonstrate that the compensation of all disqualified persons, such as officers, directors, and key employees, is considered reasonable and would ordinarily be paid for like services by like enterprises under like circumstances. The reasonableness of our compensation takes into account all benefits. Any compensation transactions for these individuals are approved by an authorized body of individuals who have no conflict of interest. Utilizing a compensation consultant, appropriate compensation data is relied upon for comparability and proof of fair market value, before making a decision. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the Committee when the decisions are made. Part VI, Section C, Line 19: The University's By-Laws and its conflict of interest policy are posted on the University's website. Form 990, Part VII, Section A Mary J. Meehan, Ph.D. started as Interim President/Trustee/Regent on April 11, 2017. Karen E. Boroff, Ph.D. started as Interim Provost on January 1, 2017. Form 990, Part XI, Line 9 Add back the recovery for uncollectible contributions receivable of $110,000 less the change in value of split-interest agreements of $39,000. Roman Catholic Archdiocese of Newark 171 Clifton Avenue Newark NJ 07104 221487308 See Part VII NJ 501(c)(3) 1 false false false false false false false false false false false false true false false true true false false Part II : Identification of Related Tax-Exempt Org.Primary Activity Primary activity of Roman Catholic Archdiocese of Newark - oversees the Catholic church in certain counties of New Jersey.